Clearly, the market is fundamentally overpriced, and in front of the impending numbers tomorrow, you had tremendous profit-taking. |
If something drastic happens, the worst would be $100. |
It's the new year and money is spilling over. Commodities are in strong demand worldwide, whether it's copper, oil, gold. There are a lot of dollars chasing a limited amount of commodities. |
With the inventories where they are, and prices were they are, they don't equate. It's geopolitical tension that's holding us up right now. |